Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old NYSE IPOE shut today at 1.9% over its 52 week low of $9.77, providing the firm a market cap of $1B. The stock is presently down 2.7% year-to-date, down 36.2% over the past one year, as well as down 4.2% over the past five years. Today, the Dow Jones Industrial Average dropped 0.1%, and the S&P 500 dropped 0.6%.

Trading Activity

Trading quantity today was 57.7% less than the 20-day average.
Beta, an action of the stock’s volatility relative to the general market stands at 0.5.
Technical Indicators

The Relative Toughness Index (RSI) on the stock was between 30 as well as 70.
MACD, a trend-following energy indication, suggests a downward pattern.
The stock shut listed below its Bollinger band, indicating it may be oversold.

Market Comparative Efficiency
The company’s share cost is the same as the S&P 500 Index, delays it on a 1-year basis, and lags it on a 5-year basis
The business’s share rate coincides as the Dow Jones Industrial Average, delays it on a 1-year basis, and also lags it on a 5-year basis

Per Group Relative Efficiency
The firm’s stock cost efficiency year-to-date lags the peer typical by -195.4%.
The company’s stock price performance over the past 12 months delays the peer ordinary by -377.7%.

IPOF Stock Boosted by SpaceX SPAC Merging Rumor.
By Kirsteen Mackay.

February 23rd, 2022.
The report mill remains in overdrive as capitalists cherish the idea of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) undergoes the most recent round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes personal business public via its special purpose procurement firms (SPACs), focusing on cutting-edge and also active innovation companies.

Chamath Palihapitiya’s SPACs were hot property in 2020 yet befalled of support in 2014. Some significant Social Capital SPACs consist of Clover Health and wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), and Virgin Galactic (NYSE: SPCE).

Disposing Virgin Galactic for SpaceX?
Palihapitiya quickly stepped down from Virgin Galactic’s business board recently, sustaining the rumors SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and Elon Musk directing SpaceX, both firms are competitors. So, Palihapitiya’s involvement in both may posture a problem of rate of interest.

Whether IPOF stock will merge with SpaceX is simply speculative, as well as nothing has actually been verified. There are plenty of various other opportunities and also various other IPOF target reports in the financier chatrooms.

IPOF stock has risen 2.6% in the past 5 days and is up again pre-market, floating around the $10.30 mark. SPAC stocks have a tendency to hover around $10 till their merger target has been named.

SpaceX is the 20-year-old NASA opponent intent on transporting people to Mars. It’s also championing international satellite broadband protection as well as lunar landers.

Being an Elon Musk business, SpaceX has actually amassed a cult adhering to, and also its development is very closely followed on social media sites. It’s therefore certain to be a hotly-tipped IPO when it occurs.

Nonetheless, the alternate sight is that Musk would choose to take SpaceX public through IPO or direct listing over the debatable SPAC route.